(Last Updated February 25, 2021 0:22 GMT)
At the time of this writing, GBPCHF’s rate is up 12 pips (0.09%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as GBPCHF has now gone up 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
GBPCHF End of Day Recap
Updated 00:30 GMT (04:30 EST)
GBPCHF is up 174 pips (1.38%) since yesterday (opening today near 1.277601163), marking the 8th consecutive day an upward move has occurred. For context, observe that yesterday was noteworthy in the sense that GBPCHF bested all 39 of the assets in the Forex class. The price chart of GBPCHF below illustrates.
GBPCHF Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 20 out of the past 30 days.